Regional presence

Through its African subsidiaries, the group offers full service banking in eight African countries, namely, Namibia, Botswana, Swaziland, Lesotho, Mozambique, Zambia, Tanzania, Ghana, and through RMB, corporate and investment banking in Nigeria. In addition to its physical operating footprint in Africa, the group has established platforms in certain key financial centres that generate opportunities from cross-border investment flows between Europe, Africa and Asia.

The bank also has a number of representative offices. RMB has been active in Kenya for a number of years, and, through the management of FRB’s representative office, is increasing its focus on what is the trade and investment hub of east Africa with increasing flows from China and India. RMB also manages the Angolan representative office which provides a platform in western Africa to identify investment banking opportunities across this region.

The Middle East remains an important source of global capital and the FRB representative office, based in Dubai, plays a pivotal role in facilitating investment into the African continent and investment flows between Europe, Africa and Asia.

China is strategically important to the African continent’s growth story. Managed by RMB, the Shanghai representative office, which was opened in 2007, has played a leading role in facilitating trade flows between both China and the African continent and supporting the ongoing investment and infrastructural development that China is able to provide.

The London branch focuses on funding through the capital and banking markets. MotoNovo, the group’s vehicle and asset finance business in the UK, also forms part of the branch.

The Guernsey branch (trading as FNB Channel Islands) represents a niche, hard-currency deposit franchise by servicing predominantly high net worth South African customers.

FirstRand remains the only South African bank with a branch in India, which provides an investment banking offering to Indian clients active in the Indo-African corridor.
(Physical footprint statistics as at 30 June 2017)